state bank of india

Mumbai, April 10 The benchmark stock market indices, Sensex and Nifty, surged by over 1% on Friday, driven by buying in banking stocks and a positive trend in global equities.Investor sentiment improved amid hopes of further easing in the West Asia crisis ahead of US-Iran negotiations and...

Mumbai, April 10 – The Indian stock market indices, Sensex and Nifty, rebounded on Friday morning, driven by a rally in banking stocks and a positive trend in global markets.The 30-share BSE Sensex rose by 630.08 points to 77,261.73. The 50-share NSE Nifty climbed by 203.6 points to 23,978.70...

New Delhi, April 9 The National Company Law Appellate Tribunal has rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank, and Union Bank of India – challenging the distribution of funds to dissenting financial creditors SBI and Punjab National Bank.A...

New Delhi, April 8 The National Company Law Appellate Tribunal on Wednesday rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank, and Union Bank of India, challenging the distribution of funds to dissenting financial creditors SBI and Punjab National...

Mumbai, April 7 The benchmark indices, Sensex and Nifty, declined in early trading on Tuesday as surging crude oil prices, coupled with growing uncertainty about the outcome of the war in West Asia, dampened investor sentiment.Unabated outflows of foreign funds also contributed to the negative...

New Delhi, April 6 Private sector Yes Bank announced on Monday that Vinay Muralidhar Tonse has taken over as the MD and CEO of the bank for a period of three years.Tonse, a former MD of State Bank of India, replaced Prashant Kumar, who completed his extended term on April 5.Tonse has taken...

New Delhi, April 5 The Supreme Court has intervened in a case where a man's credit score remained "negative" for years, despite having no outstanding loans or payment defaults.A bench of Justices JB Pardiwala and KV Viswanathan heard a petition filed by Rajendra Singh Panwar, a resident of...

New Delhi, April 5 The combined market valuation of six of the top-10 most valued companies declined by ₹64,734.46 crore in a shortened week due to the holiday period, with Bharti Airtel experiencing the biggest drop, reflecting the overall weakness in the equity market.Last week, the BSE...

New Delhi, April 4 Himalaya Food International on Saturday said a consortium of lenders, led by State Bank of India, has approved its proposal for extending its One Time Settlement (OTS) scheme until September 2026."This development significantly reduces the Company's financial risk and marks...

New Delhi, April 1 – The Central Bureau of Investigation registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and others on Wednesday, alleging that they caused wrongful loss of ₹3,750 crore to the Life Insurance Corporation (LIC) of India.The...

New Delhi, March 30 The Reserve Bank should use foreign exchange reserves to stabilize the rupee, which has been affected by the ongoing crisis in the Middle East, according to a research report by SBI on Monday.The rupee breached the 95/USD mark on Monday and closed 7 paise higher at 94.78...

Union Finance Minister Nirmala Sitharaman stated that banks in the country operate under a strict legal and regulatory framework to ensure the safety and confidentiality of customer data. The Minister was responding to supplementary questions during Question Hour in the Lok Sabha today. Ms...

New Delhi, March 29 The combined market valuation of seven of the top-10 most valued companies fell by Rs 1.75 lakh crore in the week leading up to the holiday, with Reliance Industries taking the biggest hit, in line with a weak trend in equities.Last week, the BSE benchmark Sensex lost...

Pune, March 27 – The ED has attached agricultural land worth Rs 22.51 crore located in the village of Savardari, Khed Taluka, Pune, in connection with a fraudulent letter of credit (LC) scheme that caused a loss of Rs 56.81 crore to SBI, an official said.The Enforcement Directorate (ED)...

Ranchi, March 27 – The ED filed a chargesheet against a former SBI Branch Manager and his wife in a Special PMLA Court here in connection with a Rs 5.40 crore fraud involving the manipulation of 440 customer accounts, an official said on Friday.The Directorate of Enforcement (ED), Ranchi Zonal...

Mumbai, March 27 The benchmark indices Sensex and Nifty fell by over 2% on Friday, following a two-day rally, in line with a weak trend in global peers, as the US-Iran conflict remained the key factor weighing on markets, raising doubts about a de-escalation of the war.The persistently high...

New Delhi, March 26 The CBI has conducted searches at the residences of two former directors of Reliance Telecom and the company office after registering an FIR against them in connection with an alleged fraud of Rs 114.98 crore in State Bank of India, officials said on Thursday."The Central...

Mumbai, March 26 – The Central Bureau of Investigation (CBI) has registered a case against Reliance Telecom Ltd., its then Directors Satish Seth and Gautam B. Doshi, along with unknown public servants and others, in connection with an alleged bank fraud case involving the State Bank of India...

New Delhi, March 25 An immovable asset worth Rs 7.5 crore, located near London's Heathrow Airport, has been attached under the anti-money laundering law in connection with an alleged bank loan fraud case, the Enforcement Directorate (ED) said on Wednesday.The provisional attachment order was...

Mumbai, March 24 Benchmark stock indices Sensex and Nifty rebounded by nearly 2% on Tuesday, tracking a rally in Asian peers after US President Donald Trump announced a temporary halt to strikes targeting Iranian energy infrastructure.The 30-share BSE Sensex jumped 1,372.06 points or 1.89% to...